PNM Resources (FRA:98P) 5-Year Yield-on-Cost % : 5.53 (As of Apr. 25, 2024)

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What is PNM Resources 5-Year Yield-on-Cost %?

PNM Resources's yield on cost for the quarter that ended in Dec. 2023 was 5.53.

The historical rank and industry rank for PNM Resources's 5-Year Yield-on-Cost % or its related term are showing as below:

FRA:98P' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.86 Med: 3.58 Max: 5.69
Current: 5.53

During the past 13 years, PNM Resources's highest Yield on Cost was 5.69. The lowest was 2.86. And the median was 3.58.

FRA:98P's 5-Year Yield-on-Cost % is ranked better than
61.86% of 430 companies
in the Utilities - Regulated industry
Industry Median: 4.635 vs FRA:98P: 5.53

Competitive Comparison of PNM Resources's 5-Year Yield-on-Cost %

For the Utilities - Regulated Electric subindustry, PNM Resources's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PNM Resources's 5-Year Yield-on-Cost % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PNM Resources's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where PNM Resources's 5-Year Yield-on-Cost % falls into.

PNM Resources 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of PNM Resources is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

PNM Resources (FRA:98P) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

PNM Resources 5-Year Yield-on-Cost % Related Terms

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PNM Resources (FRA:98P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PNM Resources Inc (FRA:98P) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

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Traded in Other Exchanges

PNM:USA

Address

414 Silver Avenue SW, Albuquerque, NM, USA, 87102-3289

Website

https://www.pnmresources.com

PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.

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